Fibonacci vector indicator
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2016.08.12 19:08
This indicator with a sufficient accuracy allows defining 6 market states, exactly:
By the way, AbsoluteStrength indicator (on the way I described it on the posts above) is used as a filter for some martingale EAs ... and there is some term (terminology) related to it - Control Martingale, means - trading in predefined market condition only. For example, trading correction/rally only, trading ranging only, trading on the flat only (for martingale scalpers), trading bullish/bearish trend only (trend following EAs), and so on.